Dissatisfied with a compensation package offered by the company for voluntary redundancy, more than 600 employees of Panasonic Electronic Devices (Beijing) Company besieged the office of three top company executives for about six hours.

The employees, who later left the office after the executives escaped from a back door, said they would file a complaint against PEDBC with the labor department since the company urged them to quit the job of their own volition to evade its responsibilities.

It is understood that PEDBC held a staff meeting on February 25 at which it encouraged the employees to quit on a voluntary basis and promised to offer the employees economic compensation in return. The employees were dissatisfied with the company's offer, for they thought that they would get higher compensation if their jobs were retrenched by the company.

The general manager of PEDBC was quoted by the local media as saying that the company adopted the measure of voluntary redundancy because of the bad market situation. The employees also said that the company had began to receive less and less orders since the second half of last year.

Panasonic currently has three factories in Beijing, which are engaged in manufacturing kinescopes, capacitors, and electronic devices, respectively. In addition to Panasonic Electronic Devices, the other two factories are also said to have also received a notice to close.

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